Grand Continent Hotels Signs Leases for 3 US Hotels With 367 Keys

Grand Continent Hotels Limited has expanded its overseas presence after entering into long-term lease agreements for three hotel properties in the United States, marking a significant step in its international growth strategy. 

US Expansion and Lease Details 

Through its wholly owned subsidiary, Grand Continent Hotels Corporation, the company has executed definitive lease agreements for three mid-market hotels in the US.  

The properties, located in North Platte in Nebraska, Council Bluffs in Iowa, and Springfield in Missouri, together comprise 367 hotel keys.  

Each of the three hotels has been taken on a lease tenure of 10 years, and the agreements have been executed in the ordinary course of business. All three properties are expected to become operational between February and March 2026. 

Hotel-Wise Breakdown 

The North Platte, Nebraska hotel will have 113 keys and feature an 80-cover restaurant, a gym, and an indoor swimming pool.  

The Council Bluffs, Iowa property will operate with 66 keys and offer facilities including a breakfast restaurant, a business centre, a gym, and an indoor heated swimming pool.  

The Springfield, Missouri hotel will be the largest of the three, with 188 keys, and will include a 120-cover restaurant with a bar, a 25-seater board room, a business centre, a gym, and an indoor swimming pool. 

Strategic Rationale 

The company said the US hotel additions align with its strategy to expand its international hospitality footprint and strengthen its presence in overseas markets. The new properties are expected to contribute positively to long-term growth while enhancing brand visibility outside India. 

Read More: Oyo Parent Prism Filed DRHP with SEBI via Confidential Route for ₹6,650 Crore IPO! 

Conclusion 

With the signing of leases for three US hotels adding 367 keys, Grand Continent Hotels has strengthened its international portfolio, reinforcing its expansion plans beyond India while preparing for operational launches in early 2026. 

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